|Title:||Issue Date: 02/04/01|
|Author:||Page Number: 8|
Stakeholder pensions are a good investment
ABTAis urging all agents who employ five or more staff to set up a stakeholder pension scheme in order to avoid falling foul of new Government legislation. Any employer who stubbornly resists this new responsibility will face a fine of up to £50,000.
Agents may well complain that this is just another bit of unnecessary red tape distracting them from the all-important business of selling holidays.
But they should think again.
Stakeholder pensions are a cheap, flexible way of allowing workers not normally eligible for an occupational pension to save towards their old age. Any agent interested in finding and hanging on to good staff – and who isn’t these days – must be willing to look after them in return for their services.
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